Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

Alternate Symbol(s): SLTTF | T.SOT.UN | T.SOT.DB.A | T.SOT.DB.B

Slate Office REIT (the REIT) is a Canada-based global owner and operator of workplace real estate. The REIT is an unincorporated, open-ended real estate investment trust. The REIT owns interests in and operates a portfolio of real estate assets in North America and Europe. The REIT's portfolio is primarily comprised of government and credit tenants. The REIT's portfolio consists of approximately 54 commercial properties located in Canada, the United States and Ireland. The REIT's Canada operations include Atlantic, Ontario and Western. The REIT is externally managed and operated by Slate Management ULC.

TSX:SOT.DB - Post by User

Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > Debenture Holders Now the Key to Restructuring

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Comment by Tree2treeon Nov 08, 2024 11:49am

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Post# 36303346

RE:RE:RE:RE:RE:Debenture Holders Now the Key to Restructuring

"Why take the properties off the selling block?"

My guesses:

1. The market has not rebounded to the extent that they could be sold at a good price. Selling at a poor price would generate only modest amounts of cash after paying mortgages, and not do much for the debt ratio.

2. GA sees himself as the future majority owner of SOT, and would like to keep any assets that he sees as appreciating in value. Yes of course GA will benefit, and I think the debenture holders are in the best position to also benefit.

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